For Sale Investment Property In Rethymno

In the heart of Rethymno city, next to the Police Academy, there is for sale an investment property. It is a hotel of 1300 sqm, in a plot of 563 sqm. The hotel consists of 7 floors and a total of 18 apartments, of which 9 are studios, and 9 are with 2 bedrooms, an open plan space where the living room and the kitchen are, and a bathroom.
The apartments have unobstructed view to city and the sea, while with the right interventions and renovation there is the possibility of increasing the number of apartments from 18 to 25.
The property is in a privileged location, while is in the center of the city, with all the facilities accessible, and also very close to the sea.
Rethymno remains a top tourist destination due to the special beauty of its Old Town and its enchanting beach. The property is an excellent choice for investment as it is located on one of the seven roads that have been included in a bioclimatic development program since Municipality of Rethymno, in order to improve the quality of life of both permanent residents and visitors.